Indian R&D for Faurecia
US firm Huntsman Corp. has acquired the remaining stake of Huntsman NMG, its Russian PU joint venture with NMG, the manufacturer of PU in Russia and other areas of the former Soviet Union. With the acquisition of the residual stake, Huntsman is now the sole owner of the company Huntsman NMG. Thus, Huntsman NMG will get the opportunity to gain greater access to the Russian market in the arena of high value coatings, adhesives and elastomers.
Barnes Group to acquire Synventive
US international aerospace and industrial manufacturing and service provider Barnes Group will acquire privately held hot runner maker Synventive Molding Solutions for US$335 million. The acquisition is expected to close in August 2012. With estimated 2012 revenues of US$160 million, Synventive operates out of three manufacturing locations in the US, Germany and China, with sales and service offices in 28 countries and 770 employees worldwide. Synventive will operate as a strategic business unit within Barnes Group’s Industrial Segment.
Bermis inks jv with Thin Film
US firms Bermis has tied up with Norwegian Thin Film Electronics to develop the Bemis Intelligent Packaging Platform for the commercial development of functional sensor labels manufactured from new and emerging printed electronic technology made from Thin Film’s propriety read/writable printed memory and programme logic. When used with Bemis packaging, the line of “intelligent” labels will monitor and record key physical properties and environmental data in packaged perishable products. The technology is expected to be commercially available in 2014.
German firm’s double celebration
Not only did German robot maker Krauss-Maffei Automation celebrate its 30th anniversary since its foundation, it also marked it with its 1,000th robot delivery from the “robot wharf” of its branch in Schwerin. Since its establishment, the subsidiary of the Krauss-Maffei group has expanded and now has 180 employees at its main plant in Schwaig and branches in Munich and Schwerin. Its customers include firms from the industrial segments as well as automotive, electrical engineering, medical technology, white goods and packaging sectors. The firm recently doubled the size of its facility in Schwaig.